L&T Energy, Waaree Clean Energy, Reliance Green Hydrogen, and AM Green have emerged as the leading bidders for government incentives aimed at boosting green hydrogen production.
These companies are among ten successful bidders under the second tranche of the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme.
Financial Bids Opened in January 2025
The financial bids for this phase of the SIGHT programme were opened on January 17, 2025.
Although the bids have been finalized, the Solar Energy Corporation of India (SECI), the nodal agency for the tender, is yet to issue the official ‘letters of award’ to the selected companies.
Additional Firms Secure Incentives
In addition to the four top bidders, other companies have also secured incentives. These include Suryadeep KA1, GH2 Solar, and Green Infra Renewable for their proposed capacity bids.
Fourteen companies participated in the bidding process. Collectively, they offered 6,22,500 tonnes per annum (tpa) of green hydrogen capacity.
This significantly exceeded the government’s offer to establish 4,50,000 tpa.
Government’s Incentive Plan
The Ministry of New and Renewable Energy (MNRE) allocated ₹5,400 crore in incentives for the second tranche of the SIGHT scheme.
The initiative is part of India’s National Green Hydrogen Mission. The government launched this mission with a total outlay of ₹17,490 crore to promote green hydrogen and electrolyser production.
Driving India’s Green Energy Goals
The development marks a significant step toward advancing India’s commitment to green energy.
As reported by projectstoday.com, the SIGHT programme is part of the National Green Hydrogen Mission. It aims to position the country as a global hub for green hydrogen manufacturing. The government is actively supporting the transition to cleaner energy sources. These incentives will catalyze investments and innovation in the sector.
